Jim Grant: We Are All Bernanke’s Lab Rats in the Land of Speculation & Manipulation!

September 20, 2012 By 5 Comments

Our favorite critic of the Federal Reserve Jim Grant was back on CNBC today discussing the consequences of QEternity.
Grant stated ‘there are always unintended consequences for interventions.  Those consequences are now always what they intend.  At Jackson Hole a few weeks ago, Bernanke enumerated 4 possible pit-falls for what they are up to. 
There are 400 million possible pit-falls!‘

Grant states ‘we are lab rats in the financial markets‘ and ‘We are all living in a land of speculation and manipulation!‘

He goes on to discuss Bernanke’s arch-nemesis (the one NOT named Ron Paul) gold and silver, stating:
‘Central banks are bound and determined to debase their currencies.  The best thing about gold is that it’s got no P/E multiple. Gold is a speculation on an anticipated macroeconomic outcome, the systematic debasement of currencies by central banks. They’ve done QE3. Why wouldn’t they do QE4? What intellectual argument do they have against doing it again, and again, and again?‘

This is what we’ve stated for several years Jim, and why QE will continue to Infinity…AND BEYOND!! until the point Bernanke pulls the last tool out of his toolbox and implement GOLD REVALUATION!

Full MUST WATCH interview below:


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Comments

  1. Avatar of AGXIIK AGXIIK says:
    September 20, 2012 at 8:36 PM

    Lab Rat eh?  Not likely Jim.  I prefer to be thought of as a cappuchino monkey in a 500 gallon petri dish floating on a lake of silver.  Test away Ben, I am immune.

  2. Avatar of Sumkid Sumkid says:
    September 20, 2012 at 10:27 PM

    We might be Bernanke’s lab rats but we are smart lab rats! Because we all know that the current gold and silver’s prices are only speculations and manipulations and that this will all end very soon with the collapse of the US dollar. Then, it’ll be like Bernanke’s lab getting destroyed while we mutate ourself into big predators such as lions and we are going to attack Bernanke the financial way with the power of gold and silver! 
    At least we are not sheeps! ☺

  3. Avatar of MaryB MaryB says:
    September 21, 2012 at 12:30 AM

    Welcome to Qfinity and hyperinflation. Add in a coming food shortage in the next year and things are stacked against the sheeple.

  4. Avatar of Ed_B Ed_B says:
    September 21, 2012 at 12:57 AM

    “They’ve done QE3. Why wouldn’t they do QE4? What intellectual argument do they have against doing it again, and again, and again?‘”

    Um, how about the FACT that QE doesn’t work?  In fact, can anyone cite a case wherein QE did provide more benefits than it cost?  Japan has been wallowing in economic malaise for 20 years now and just announced round #8 of their “easing”.  Hmmm… 20 years of this and they are still mired in economic misery.  How much evidence does it take to get through to a central banker?  Perhaps the Chinese 9mm treatment is the only way?

    One would think that TPTB would eventually look at the mountain of evidence against their policies, discover that they are not working, and take a different course.  Unless, of course, QE is destroying the US dollar, and other fiat currencies, as intended.  :-(
     
     

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